A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....
Payment processors for U.S. lotteries must stay in “wait and see” mode after a recent brief from the Department of Justice offered little clarity for providers grappling with the confusion around...
Less than one week after fining Standard Chartered $1.1bn over failures in its sanctions and anti-money laundering controls, U.S. authorities have hit another European bank, UniCredit, with an even...
On April 10, 2019, the Department of Justice published a white paper titled “Promoting Public Safety, Privacy, and the Rule of Law Around the World: The Purpose and Impact of the CLOUD Act”. The...
Banking giant Standard Chartered will pay a total of $1.1bn in fines to United States and UK authorities after allegations it failed to properly apply anti-money laundering (AML) and sanctions...
U.S. marijuana companies were expected to generate as much as $10bn in retail sales last year, a figure that is only going to increase as more states consider legalizing recreational marijuana.
There is still support to process payments in the regulated U.S. online gambling market, despite the uncertainty created by the U.S. Department of Justice’s (DOJ) revised opinion on the Wire Act,...
New Jersey Attorney General Gurbir Grewal has demanded information on last month’s Department of Justice shock decision to reverse a 2011 opinion on the application of the federal Wire Act to...
The U.S. Justice Department's newly filed criminal charges against Chinese technology giant Huawei Technologies include allegations the company engaged in bank fraud and money laundering to...
A new U.S. Department of Justice opinion on the Wire Act adds “a lot more confusion” for online gambling dealmakers and European companies eager to expand into the U.S. market, experts have said.
Payment providers serving the U.S. online gambling market face legal uncertainty after a decision by the Department of Justice to reverse a 2011 opinion on the application of the federal Wire Act.
A former official with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) is confident the casino industry understands the obligations of preventing money laundering,...
Banking giant Société Générale has been handed the U.S.’ second largest-ever fine for “willful violations” of international sanctions, devising systems to facilitate illicit fund transfers worth...
Experts are unconvinced that the recent resignation of anti-marijuana hardliner Jeff Sessions as U.S. Attorney General is good news for legal cannabis businesses and the payment providers seeking...
MoneyGram will forfeit $125m for violating the terms of a 2012 settlement with the U.S. Federal Trade Commission and the Department of Justice concerning alleged anti-money laundering and counter...
Danske Bank is set to face criminal investigation in the United States, as the Department of Justice has formally requested information from the Danish bank in connection with the flow of illicit...

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